Live Updates > Live Update Details
2025-12-18 21:59:07
[Inflation Data Cools, US Treasury Yields Fall, Market Remains Wary of "Distortion" Risk] ⑴ Following the release of lower-than-expected inflation data, US Treasury yields continued their overnight decline. ⑵ Data showed that the 10-year Treasury yield was last quoted at 4.120%, down from 4.150% on Wednesday; the 2-year Treasury yield was last quoted at 3.447%, down from 3.484% on Wednesday. ⑶ Data released on Thursday showed that US core consumer prices rose 2.6% year-on-year in November, far below the market expectation of a 3.0% increase. ⑷ However, some investors and analysts warned that the data might be distorted due to the previous government shutdown, and indicated that the Federal Reserve will pay closer attention to the next consumer price index report when deciding on the interest rate path. ⑸ This market reaction indicates that although the data provided short-term easing momentum, the market remained cautious about the reliability of the data and the Federal Reserve's interpretation, limiting the extent of the yield decline.
